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Where Will Boeing Be in 5 Years?

Tags: stock stocks
DATE POSTED:August 2, 2020

It's been a tough two years for Boeing (NYSE: BA), with the company hit first by the March 2019 grounding of the 737 Max after a pair of fatal accidents and more recently by the COVID-19 pandemic.

The company's shares are off 50% year to date, and Boeing's second-quarter results reminded investors there are no quick fixes for what ails it. Boeing lost $4.79 per share and bled through $5 billion in cash in the quarter.

There were some bright spots, including Boeing's resurgent defense business. And while the near-term is troubled, Boeing still has a strong portfolio of products and enjoys a global duopoly in commercial aerospace. There is still a lot for a long-term holder to like.

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Tags: stock stocks